FULL EFFECT OF RISING INTEREST RATES EXPECTED IN NEW YEAR Despite continuing economic headwinds, the New York City multifamily sector posted surprisingly impressive results during the third quarter, according to Ariel Property Advisors’ Q3 Multifamily Quarter in Review report. Multifamily commercial real estate sales rose 37 percent during the quarter on a year-over-year basis, to
Real Estate
Like the children’s modern classic Rabbit Hill, whose name it borrows, newly constructed Rabbit Hill Lodge is set in Westport, Connecticut. And the modern farmhouse, sited to take in sunsets and views of the Saugatuck River, does have its share of bunnies roaming the broad lawns of the tree-surrounded 2-acre site. All it’s waiting for
Whether it’s ride-sharing, bike-sharing or even tool sharing at tool lending libraries in cities from Seattle to Baltimore, share and share alike appears an idea whose time has come. In recent years, household names like Lyft, TaskRabbit and Airbnb have enabled consumers to provide underutilized goods or services in exchange for payment. It figures the
With its mesmerizing gardens, Stonefields is a feast for the eyes and so it should be. The 50-acre spread has been the private home and showplace of Paul Bangay, Australia’s renowned landscape designer, for nearly two decades. His private sanctuary, the estate is in the rolling foothills near the pre-Gold Rush town of Kyneton in
Topline Though the labor market’s overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a rash of harsher job cuts across the housing sector—which, alongside the technology industry, has already seen firms lay off thousands of workers in recent